Lyntris CFO Paulin Tim Sells 55,169 Shares in IPO

What Happened

• Paulin Tim, Chief Financial Officer of Lyntris Inc. (LYNX), sold 55,169 shares on 2026-08-20 at a reported price of $16.45 per share, for proceeds of approximately $907,530. The filing indicates these shares were sold as a selling stockholder in the issuer’s initial public offering (IPO).

Key Details

• Transaction date and price: 2026-08-20 at $16.45 per share.
• Total proceeds: about $907,530.
• Shares owned after transaction: not stated in the provided filing excerpt; check the full Form 4 for post-sale holdings.
• Footnotes: F1 — sale was by the reporting person as a selling stockholder in the issuer’s IPO; F2 — the $16.45 figure represents the IPO price less underwriting discounts and commissions.
• Filing timeliness: Reported on Form 4 filed 2026-08-21 (covers the 2026-08-20 transaction), which is within the standard two-business-day reporting window.

Context

• This was a planned IPO-related sale by a selling stockholder, not a spontaneous open-market purchase. Such IPO-related disposals are common and do not necessarily indicate management’s view of the company’s longer-term prospects.